My wife and I had a revocable living trust before she passed away 3 years ago. It was a second marriage for both of us and we were both retired and both had grown children from previous a marriage, to which we wanted our individule assets to pass to. Upon death a revocable trust becomes an irrevocable trust. We were joint trustee's on each others trust with each of our own children as successor trustees ,one at a time (first,second,third,etc.) This trust worked very well as her assets ( CD's,stocks,accounts,etc.) were distributed to her children equally,and with only real estate left, I passed the trust to her son ,who was first successor trustee. All this was done with the guidance of a trust attorney.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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